Latest Share Market Updates - 22 DEC 2016

HC upholds order directing actions against DLF
•  Bajaj Auto to hike prices of motorcycle by `1500 from Jan
•  Govt Panel Approves 29 Road Projects In 14 States Worth `1,444 Cr
•  South Indian Bank: To Issue Shares On Rights Basis In Ratio Of 1:3 At `14/Sh
•  Empee Distilleries: Board Meet On Dec 26 To Consider Sale Of 1.95 Cr Shares In Empee Hotels
•  Balmer Lawrie: Shareholders Approve Bonus Share Issue
•  Kandagiri Spinning Shareholders Approve Sale/Transfer Of 10.125 MW Wind Energy Generators
•  Alankit appointed as E-KYC user agency by UIDAI to provide Aadhar enabled services
•  Store One name changed to SORIL Infra Resources
•  Jet Airways plans to raise 100mn$ to refinance costlier rupee debt
Oil drops to session’s lows as crude stocks rise by 2.3M barrels: - Oil prices declined on Wednesday, falling to the lowest levels of the session after data showed a surprise increase in U.S. crude supplies last week. The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 2.3 million barrels in the week ended December 16. Market analysts' expected a crude-stock drop of 2.5 million barrels, while the American Petroleum Institute late Tuesday reported  a supply fall of 4.1 million barrels.U.S. natural gas spikes 5% on bets for massive supply withdrawal: - U.S. natural gas futures snapped a five-session losing streak on Wednesday, as investors bid up prices on expectations of a massive U.S. inventory draw. Market participants awaited weekly supply data due on Thursday, which is expected to show a draw in a range between 197 and 210 billion cubic feet in the week ended December 16.

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